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SFAA Comments on California Surface Mining Bond Forms

Tuesday, January 23, 2018

SFAA Comments on California Surface Mining Bond Forms

SFAA recommended that the California State Mining and Geology Board retain its surety bond forms for financial assurance for surface mining operations in their current form. SFAA’s comment were in response to a pending revision to the bond condition so that the bond only would be released after all of the relevant agencies have concurred that the requirements for the reclamation plan have been met. Currently, the bond only is conditioned on the completion of the reclamation.